Every year, thousands of families in the United States are happy to adopt a child and welcome them into their homes. And as with any growing family, there are expenses associated with...
Posted by Rosovich & Associates, Inc. on 01/17/2023
Private tuition is not tax deductible. Parents with children in private schools are not offered direct tuition tax deductions. However, in 2018, there was a rumor of a change in tax...
Posted by Tiffany Gaskin on 09/02/2022
If you decide to go back to school or help pay for the tuition of a child or grandchild, keep in mind that certain types of expenses may qualify for special tax treatment. Many pension...
Posted by KLSM CPA Firm PLLC on 05/22/2022
The real estate market is an ever-changing market that affects our economy by buying, selling, renting properties, among other business opportunities. We often hear about sales profits,...
Posted by Rosovich & Associates, Inc. on 04/24/2022
Social welfare refers to a range of programs that aid citizens either financially, educationally, or otherwise. These programs or activities are mainly targeted at groups of people...
Posted by Jim McClaflin, EA, NTPI Fellow, CTRC on 04/17/2022
Since 1996, parents and guardians in America have been eligible for adoption assistance in the form of tax credits and adoption assistance programs after several interest groups began...
Posted by Taxes Made EZ Inc on 02/22/2022
The adoption process also has its tax implications, including a tax credit for qualified adoption expenditures paid to adopt an eligible child. It also entails the exclusion from employer-provided...
Posted by Dennis Jao on 08/15/2021
To help taxpayers adopt children, U.S. tax laws provide an adoption credit, up to an inflation-adjusted maximum, for adopting a child under 18 or a person of any age with a physical...
Posted by Dennis Jao on 02/28/2021
Supplemental Security Income (SSI) is a benefit program administered by the Social Security Administration that provides monthly payments to people facing significant physical and...
Posted by Carmen Garcia on 03/22/2021
